Mitsubishi UFJ Trust & Banking Corp Has $1.04 Million Stock Position in Helmerich & Payne, Inc. $HP

Mitsubishi UFJ Trust & Banking Corp grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 398.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 47,073 shares of the oil and gas company’s stock after acquiring an additional 37,626 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Helmerich & Payne were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Helmerich & Payne by 2,433.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after buying an additional 1,582 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Helmerich & Payne by 46.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 554 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Helmerich & Payne by 29.2% during the second quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 925 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Helmerich & Payne in the second quarter worth $64,000. Finally, SBI Securities Co. Ltd. increased its holdings in Helmerich & Payne by 27.4% in the second quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 1,063 shares during the period. Institutional investors own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Helmerich & Payne in a research note on Thursday, January 15th. Barclays boosted their price target on shares of Helmerich & Payne from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 14th. Evercore ISI lifted their target price on shares of Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 19th. Finally, Citigroup boosted their target price on shares of Helmerich & Payne from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $33.00.

Helmerich & Payne Trading Up 0.6%

NYSE HP opened at $33.90 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $30.04 and a 200 day simple moving average of $24.42. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $34.70. The firm has a market capitalization of $3.45 billion, a P/E ratio of -20.30 and a beta of 0.56.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.Helmerich & Payne’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -59.88%.

Insider Activity

In related news, Director Hans Helmerich sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the sale, the director directly owned 496,735 shares in the company, valued at approximately $13,968,188.20. This represents a 13.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.